. Beadle Ventures, a private equity firm, plans to invest $15 million in Real IQ, a startup tech firm. Beadle aims for a 50% annual rate of return on this risk level of investment. This investment is viewed as a 5 year project for Beadle. Year 5 Real IQ EBITDA is estimated at $23 million. Real IQ will be 100% equity financed. An EBITDA multiple of 5 is specified by Beadle to be used in valuing Real IQ. Calculate the ownership % Beadle should require, given the 50% target rate of return. Do you recommend that Beadle invest in this project?